Common use of General Insurance Requirement Clause in Contracts

General Insurance Requirement. Throughout the term of this Agreement, or during such period as the Parties will agree in writing, Company will maintain full force and effect commercial general liability (CGL) insurance and product liability insurance, with single claim limits at an amount customary to Company’s business for activities and/or products of a similar nature. Such insurance policy will include coverage for claims that may be asserted by University or HHMI against Company under Section 10.2 “Indemnification”. Such insurance policy will name the Board of Regents of the University of Washington and HHMI as an additional insured and will require the insurer to deliver written notice to University at the address set forth in Section 13.10 “Notices”, at least thirty (30) days prior to the termination of the policy. Company will deliver to University a copy of the certificate of insurance for such policy.

Appears in 4 contracts

Samples: License and Exclusive Option Agreement (Icosavax, Inc.), Exclusive License Agreement (Icosavax, Inc.), License and Exclusive Option Agreement (Icosavax, Inc.)

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General Insurance Requirement. Throughout the term of this Agreement, or during such period as the Parties will agree in writing, Company will maintain full force and effect commercial general liability (CGL) insurance and product liability insurance, with single claim limits at an amount customary to Company’s business for activities and/or products of a similar nature. Such insurance policy will include coverage for claims that may be asserted by University or HHMI against Company under Section 10.2 (Indemnification). Such insurance policy will name the Board of Regents of the University of Washington and HHMI as an additional insured and will require the insurer to deliver written notice to University at the address set forth in Section 13.10 (Notices), at least thirty (30) days prior to the termination of the policy. Company will deliver to University a copy of the certificate of insurance for such policy.

Appears in 3 contracts

Samples: Fast Start License Agreement, License Agreement, License Agreement

General Insurance Requirement. Throughout the term of this Agreement, or during such period as the Parties will agree in writing, Company will maintain full force and effect commercial general liability (CGL) insurance and product liability insurance, with single claim limits at an amount customary to Company’s business for activities and/or products of a similar nature. Such insurance policy will include coverage for claims that may be asserted by University or HHMI against Company under Section 10.2 “Indemnification”. Such insurance policy will name the Board of Regents of the University of Washington Washington, Utah and HHMI as an additional insured and will require the insurer to deliver written notice to University at the address set forth in Section 13.10 “Notices”, at least thirty (30) days prior to the termination of the [***] policy. Company will deliver to University a copy of the certificate of insurance for such policy.

Appears in 1 contract

Samples: Exclusive License Agreement (Icosavax, Inc.)

General Insurance Requirement. Throughout the term of this Agreement, or during such period as the Parties will agree in writing, Company will maintain full force and effect commercial general liability (CGL) insurance and product liability insurance, with single claim limits at an amount customary to Company’s business for activities and/or products of a similar nature. Such insurance policy will include coverage for claims that may be asserted by University or HHMI against Company under Section 10.2 “Indemnification”. Such insurance policy will name the Board of Regents of the University of Washington Washington, Stanford University, and HHMI as an additional insured and will require the insurer to deliver written notice to University at the address set forth in Section 13.10 “Notices”, at least thirty (30) days prior to the termination of the policy. Company will deliver to University a copy of the certificate of insurance for such policy.

Appears in 1 contract

Samples: Stock Subscription Agreement (Aquinox Pharmaceuticals, Inc)

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General Insurance Requirement. Throughout the term of this Agreement, or during such period as the Parties will agree in writing, Company will maintain full force and effect commercial general liability (CGL) insurance and product liability insurance, with single claim limits at an amount customary to Company’s business for activities and/or products of a similar nature. Such insurance policy will include coverage for claims that may be asserted by University or HHMI and/or Michigan against Company under Section 10.2 (Indemnification). Such insurance policy will name the Board of Regents of the University of Washington and HHMI Michigan as an additional insured and will require the insurer to deliver written notice to University at the address set forth in Section 13.10 (Notices), at least thirty (30) days prior to the termination of the policy. Company will deliver to University a copy of the certificate of insurance for such policy.

Appears in 1 contract

Samples: Subscription Agreement (Global Cancer Technology, Inc.)

General Insurance Requirement. Throughout the term of this Agreement, or during such period as the Parties will agree in writing, Company will maintain full force and effect commercial general liability (CGL) insurance and product liability insurance, with single claim limits at an amount customary to Company’s business for activities and/or products of a similar nature. Such insurance policy will include coverage for claims that may be asserted by University or HHMI and/or Cambridge against Company under Section 10.2 (Indemnification). Such insurance policy will name the Board of Regents of the University of Washington and HHMI the University of Cambridge as an additional insured insureds and will require the insurer to deliver written notice to University at the address set forth in Section 13.10 (Notices), at least thirty (30) [***] days prior to the termination of the policy. Company will deliver to University a copy of the certificate of insurance for such policy.

Appears in 1 contract

Samples: Up License Agreement (Sana Biotechnology, Inc.)

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